Licensed Residential Appraiser

Exam

State exam

Education

Specific course

Experience

Experience

Background check

Felony convictions prohibited

876 IAC 3-3-4.1 Sec. 4.1. (a) This section establishes the educational requirements for an Indiana certified residential appraiser. (b) The minimum prerequisite to sit for the Indiana certified residential appraiser examination is two hundred (200) classroom hours of specific course content stated in subsection (h) and meeting the requirements in subsection (g). However, where applicable, the number of classroom hours may be satisfied as specified in subsection (k) or (l). (c) A classroom hour is defined as fifty (50) minutes of classroom lecture out of each sixty (60) minute segment. (d) Credit toward the classroom hour requirement may only be granted where the: (1) length of the educational offering is at least fifteen (15) hours; and (2) individual successfully completes a written, proctored examination pertinent to that educational offering. (e) Credit for the classroom hour requirement must be from a course, including a distance learning course, approved by the Appraisal Qualifications Board. Credit towards qualifying education requirements may be obtained through the completion of a degree program in real estate from an accredited degree-granting college or university provided that the curriculum has been approved by the Appraisal Qualifications Board. (f) Qualifying education credit will be accepted regardless of when the courses were taken as long as they were taken before the application was filed. (g) Applicants for licensure as a certified residential appraiser must hold a bachelor's degree or higher from an accredited college or university.